SHAZ funding rates

SHAZ perpetual funding across 4 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 08:06 UTC · refreshed every 5 min

Best pair · 7d: 16.6%long Gate, short Variational · net 12.7%
Highest funding now: 98.7%Variational
Lowest funding now: −431%BybitCEX
Listed on: 4 venues

Funding by venue

													Flags	Open
Variational	SHAZ	98.7%	30.9%	16.6%	10.5%	14.2%	30%	8h	—	38.24	$22k	$122k	TradFi	VaVariational
GateCEX	SHAZ_USDT	0.0%	0.0%	0.0%	−0.1%	0.0%	0%	8h	16:00	38.43	$159k	$7k	TradFi	GtGate
BitgetCEX	SHAZUSDT	−3.9%	−0.3%	9.6%	9.5%	11.3%	19%	8h	16:00	38.32	$239k	$196k	TradFi	BgBitget
BybitCEX	SHAZUSDT	−431%	5.0%	2.0%	−2.9%	1.5%	8%	8h	16:00	38.29	$343k	$950k	TradFi	ByBybit

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
GateCEX	Variational	98.7%	30.9%	16.6%	10.6%	12.7%	19.1%	3.3d	steady	$22k	low OITradFispread not incl.	Gt Va	calc
BybitCEX	Variational	530%	25.9%	14.7%	13.4%	11.8%	17.7%	2.7d	steady	$22k	low OITradFispread not incl.	By Va	calc
GateCEX	BitgetCEX	−3.9%	−0.3%	9.6%	9.6%	2.6%	3.9%	10d	cooling	$159k	TradFi	Gt Bg	calc
BybitCEX	BitgetCEX	427%	−5.3%	7.7%	12.4%	1.7%	2.5%	11d	cooling	$239k	TradFi	By Bg	calc
BitgetCEX	Variational	103%	31.2%	7.0%	1.0%	3.9%	5.8%	6.3d	spike ×10.6	$22k	low OITradFispread not incl.	Bg Va	calc
GateCEX	BybitCEX	−431%	5.0%	2.0%	−2.8%	−4.8%	−7.2%	48d	weak	$159k	TradFi	Gt By	calc
BybitCEX	GateCEX	431%	−5.0%	−2.0%	2.8%	−8.7%	−13.1%	—	weak	$159k	TradFi	By Gt	calc
BitgetCEX	GateCEX	3.9%	0.3%	−9.6%	−9.6%	−16.7%	−25.0%	—	weak	$159k	TradFi	Bg Gt	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 08:06 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

SHAZ · TradFi

No two venues give a usable spread right now.

SHAZ: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Gate38.43	Bitget38.32	Bybit38.29	Variational38.2419
Variational38.2419	0.491%	0.204%	0.126%	—
Bybit38.29	0.365%	0.078%	—	−0.126%
Bitget38.32	0.287%	—	−0.078%	−0.204%
Gate38.43	—	−0.287%	−0.365%	−0.491%

All quotes (4)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BitgetCEX	38.32	38.32	mark	6m	$196k	closedno FX
BybitCEX	38.29	38.29	mark	6m	$950k	closedno FX
GateCEX	38.43	38.43	mark	6m	$7k	closedno FX
Variational	38.2419	38.2419	mark	6m	$122k	closed

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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